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RBI Hikes Repo Rate By 25 bps; CRR Unchanged

PUBLISHED BY: SURENDER KUMAR
JANUARY 28, 2014

   
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In a surprise move, RBI has hiked the repo rate by 25 bps to 8 % in its monetary policy review. However, the CRR remains unchanged.

 

 

Policy Review Highlights

CPI inflation remains high

8 % inflation forecast

MSF, bank rate adjusted to 9 %

Cash Reserve Ratio (CRR) unchanged at 4 %

Slowdown in economy worrisome

Finacial Year 2015 Current Account Deficit seen below 5 % of GDP

 

The next policy review is scheduled for April 1, 2014. The extent and direction of further policy steps will be depedent on key economic data .



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